Answer:
3400
increase
Explanation:
the Herfindahl index is used to calculate the concentration of firms in an industry
The HHI is calculated by squaring the market share of each firm in the industry.
40² + 30² + 30² = 3400
If one of the firms leaves the industry, the industry becomes more concentrated and the HHI index would increase
<span>An older person may have issues with cost availability and accessibility for many reasons, largely work-related. Such a person may have limited or no income, for instance. This would be especially true for an older person past retirement age. They would no longer be working and may have a low fixed income. Accessibility can also be an issue for those who no longer drive.</span>
Answer:
Avoidable costs
Explanation:
An avoidable cost is defined as one that an entity will not incur if a particular activity is not undertaken.
In business operations avoidable costs are usually variable costs. These are costs that vary or change in the cost of production. For example wages, cost of raw materials, and labour. These can be avoided depending on business needs.
Costs that are not avoidable are fixed cost. For example rent, insurance, and utilities.
These costs are paid wether production occurs or not.
Answer:
<em>c. middle manager</em>
Explanation:
A middle manager <em>is an employee or company worker who oversees at least one managerial subordinate level and responds to a greater managerial level within the company.
</em>
A middle manager's responsibilities usually involve executing the upper-level manager's strategic instructions at the operational level, monitoring subordinate managers and employees to guarantee the company's proper functioning.
Answer: D. is a necessary, but not sufficient, condition for the maximization of profits.
Explanation:
In the labor market, the condition for equilibrium is that marginal revenue product of labor will be equal to the wage rate, abd also that MPL/PL=MPK/PK.
It should be noted that the equation MPL/PL = MPC/PC is a necessary, but not sufficient, condition for profit maximization.
